Western Int’l. options Arizona copper play
Western International Explorations (CDN) has optioned the Stray Elephant copper property in the Oro Fino mining district of Arizona, near the California border. Under the agreement, the company has an…
News
Spot prices at a glance (February 15, 1993)
Week’s Price (US) Change Gold* $328.70 $0.90 Silver* $ 3.71 + $0.04 Platinum* $367.75 + $8.15 Nickel** $ 2.72 + $0.10 Lead** $ 0.19 $0.00 Copper $ 1.01 $0.00 Zinc $ 0.49 $0.01 Courtesy of Scotiabank. …
Nunavut staking rush yields a microdiamond
Staking activity sprouted in a new area of the Northwest Territories recently, and one of the principal landholders has already found a tiny diamond. Focusing on a large area known to host lamproite p…
Focus on remediation
A short course, scheduled for March 21-22, will highlight advanced remediation technologies and case histories. Focus will be on solid and hazardous waste issues of the 1990s that involve the mining, …
Charges hurt Cyprus’ 1992 results
Special charges against 1992 earnings pushed Cyprus Minerals (NYSE) well into the red with a loss of US$333.6 million, or about US$8.46 per share. The loss resulted from special charges totalling US$4…
METAL PRICES — FREE MARKET (February 15, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb. 9 Feb. 8 Feb. 5 Feb. 4 Feb. 3 Copper 1562-1563 1559-1560 1534-1535 1538-1539 15…
New corporate look for South Atlantic
A recently completed debt swap and a private placement increases Adolf Lundin’s interest in South Atlantic Ventures (VSE) to 62.5%, or about 15.3 million shares. The company, along with 30% joint vent…
INSIDER TRADING — Goldcorp ups stake in juniors
Toronto-based Goldcorp (TSE), which made its early fortunes as a publicly traded company by investing in gold stocks, increased its position in two Canadian juniors recently. According to the Ontario …
Trio identifies targets at Rodeo
A number of deep drill targets were identified by Trio Gold (ASE) on its Rodeo Creek property on the northern portion of Nevada’s Carlin Trend, one mile northwest of the producing Dee gold mine. The t…
TORONTO STOCK EXCHANGE INDICES (February 15, 1993)
Feb.9 Feb.8 Feb.5 Feb.4 Feb.3 High Low Composite”300″ 3414.11 3394.83 3377.91 3366.40 3344.03 4009.47 3009.91 Metals&Minerals 2972.25 2927.82 2900.02 2862.59 2808.54 3453.06 2502.63 Integrated Mines30…
FINANCING (February 15, 1993)
Eaglecrest Expl. Ltd. — 1,500,000 shs. @ 28 cents per sh. Wayside Gold Mines Ltd. — 200,000 units. @ 95 cents per unit. Brigadier Res. Ltd. — 215,000 units. @ 95 cents per unit.
Work program at Ecudor project
A drilling program representing 5,000 ft. is under way on the Dufresnoy-Clericy property in Quebec’s Dufresnoy Twp., Societe Miniere Ecudor (ME) reports. An option agreement with Soquem, the Quebec Cr…